ArmInfo. Chaired by Prime  Minister Nikol Pashinyan the fifth session of the Investment  Committee was held today.

ArmInfo. In 2024, it will be  possible to import 7,400 electric vehicles into Armenia with zero  customs duty. The decision to apply tariff benefits to electric  vehicles imported into the territory of the Republic of Armenia was  made on December 28 at a government meeting.  The rationale for the  decision states that during the Eurasian Intergovernmental Council,  an agreement was reached to extend the exemption for the import of  electric vehicles for another two years. In Armenia in 2024-2025, a  tariff quota will be established for 8,000 vehicles with an electric  motor during the year. The remaining 600 units of electric vehicles  are planned to be kept in reserve.

ArmInfo. AraratBank has been awarded the Best CSR Bank Armenia 2023 in the Global Banking & Finance Review awards 2023. This reputable award underscores the Bank's responsibility and commitment to the values of corporate social responsibility.

ArmInfo. The shares of Team  Telecom Armenia telecommunications company,  after placement through  an initial public offering, were listed on the Armenia Securities  Exchange and will be quoted on the secondary securities market. This  is noted in the message of Team Telecom Armenia.

ArmInfo. Since the introduction  of the 10% cashback program for pensioners and people receiving  benefits when paying with bank cards, from July 2022 to November  2023, Armenian pensioners have made non-cash purchases totaling 62  billion drams. Cashback amounted to 5.2 billion drams. Prime Minister  Nikol Pashinyan announced today at a meeting of the Cabinet of  Ministers.

ArmInfo. The Upper Lars  checkpoint is again closed to all types of vehicles. This is stated  in the message of the Russian Ministry of Emergency Situations for  North Ossetia.

ArmInfo. According to the new  forecast of the Central Bank for 2023, the unemployment rate will be  below 13% (against the actual 13% in 2022), while according to its  previous forecast (September), the bank expected an increase of up to  14%. But in the medium term, in parallel with the recovery in demand,  the unemployment rate will stabilize near its long-term sustainable  level of 15%. This is noted in the Central Bank's Monetary Policy  Program (MPP) for Q4 2023, published at the end of December, where  GDP growth expectations for 2023 indicate a less noticeable slowdown  in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and  5.7% in 2025.

ArmInfo.

ArmInfo. "HSBC Bank Armenia" CJSC (hereinafter HSBC Armenia / Bank) continues its tradition of the Toy Drive for children from disadvantaged backgrounds in various regions of Armenia. This year the magic of the winter season came alive for over 200 children from the Kotayk region.

ArmInfo. Every year, Idram and IDBank teams prepare gifts and become "Secret Santa" for children in need. This year, the two companies decided to deliver gifts to the children whose families were killed as a result of the painful events in Artsakh. IDBank and Idram employees prepared individual gifts for around 300 children, knowing only the child's name, gender and age.

ArmInfo. The IT sector  faces a problem of hiring highly skilled personnel, Irina Dumanyan,  Chief Executive Officer, Siemens Industry Softwear, said at her  meeting with Armenia's Minister of High-Tech Industry Robert  Khachatryan, who visited the company. 

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan held a meeting with member of the American Chamber of Commerce in Armenia (AmCham) and of Armenia's business community to sum up the year 2023 and discuss programmes of next year.

ArmInfo.

ArmInfo.

ArmInfo. At their meeting, Gennadiy Chyzhykov, President of the Ukrainian Chamber of Commerce and Industry, and Armenia's Ambassador to Ukraine Vladimir Karapetyan discussed bilateral business contracts.

ArmInfo. The Central Bank of Armenia forecasts a decline in export and import volumes by 9.5% and 7.3% for 2024, after a sharp slowdown in growth in 2023 to 22.1- 30% (from 77.7-63.5% in 2022) . But according to the Central Bank's forecast, both exports and imports will grow by 2.6% and 3.2% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.

ArmInfo.

ArmInfo. Average y-o-y official inflation in Armenia will decrease to 2% in 2023, from 8.6% in 2022, but will then increase to 2.6% in 2024 and 3.5% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.

ArmInfo.

ArmInfo.